Filed November 22, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $45,056 | $46,697-3.5% | $117,529-61.7% | $68,490-34.2% |
| Participation rate | 54.8% | 56.8%-2.0pp | 70.6%-15.8pp | 67.9%-13.1pp |
| Annual return | -14.47% | -14.52%0pp | 29.77%-44.2pp | -7.85%-6.6pp |
| Employer contribution / active EE | $740 | $1,506-50.8% | $4,179-82.3% | $2,597-71.5% |
| Participant deferral / active EE | $1,312 | $2,637-50.2% | $4,072-67.8% | $4,028-67.4% |
| Admin fee / account holder | $1,654 | $4,023-58.9% | $5,645-70.7% | $5,403-69.4% |